This seems like a drastic change for the purpose of squeezing some WSOP players.
The odds bet does not change the house edge.
i say this is a really bad (poor) example because it leads directly to the commentQuote: Wizard
Adam: Makes only pass bets and backs them up with 2x odds.
Eve: Makes only pass bets and backs them up with 3-4-5x odds.
What is the overall house edge of each player?
i say this is a really bad (poor) example because it leads directly to the comment
"well, both players have the same expected loss
and that makes the odds bet just optional, no difference"
i knew you would come back with thatQuote: Wizard
I didn't ask for the expected loss but the overall house edge.
but you must agree that the 345x player has the lower combined house edgeQuote: Wizard
Assuming equal pass bets, I agree the expected loss is equal.
more money on the table = more entertainment?Quote: Wizard
But which player will get getting more money on the table and thus getting more entertainment?
Just checked in at the Wynn to meet up with a craps friend and discovered they just changed the Craps Odds to 2x. I wasn't thrilled with the 3/4/5 but that is the price of playing with the big boys. For full odds and double Come with full odds bettor this could be expensive. Raises the edge from .374 to .572. If my math is right and it probably isn't that increases the cost of a $100 average bettor from $15.71/hr to $24.02/hr.
Looks like this is my last visit unless they fix it.
You know, this could actually be a good thing.
I would advise against playing odds. They are true odds bets, meaning they have no impact on your bottom line. What they do is increase variance, which (as a general rule) does nothing but shortens your session at the tables. That whole "lost/won $400 in 10 minutes" thing is what odds brings to the table.
All you odds players, have you ever stopped to wonder why the casino offers true odds bets? Hint: It isn't because they're forced to.
The Wynn is just making a ton of changes. Maybe they are just doing this to get people talking about what they are doing.
There were black curtains and "under construction" all over the place there.
Something is going on...